How To Start A Business In Nigeria: 13 Basic Steps To Launch Your Own Startup

How to Start a Business: Key points to becoming a successful business owner in Nigeria

You have been thinking of starting your own business and you think it’s going to be easy? Starting your business involves a lot of hard work, commitment, and dedication. 80% of startup fail after 1-2 years. That is why I will advise you to start a business you are passionate about so that even if it does not become profitable at the early stage, you won’t become weary. The passion will keep you going because it is an idea you believe in.

That is why I will advise you to start a business you are passionate about so that even if it does not become profitable at the early stage, you won’t become weary. The passion will keep you going because it is an idea you believe in:

1. Start an idea brainstorming session

2. Be open to constructive criticism

3. Develop a business plan

4. Know your finances

5. Decide your legal business structure- is it a sole proprietorship or NGO or LTD etc